Future Energy Ventures raises €235m as Europe pushes for energy sovereignty

Berlin-based Future Energy Ventures (FEV) has closed its second fund at €205m, alongside a €30m dedicated capital fund for Italian startups. Combined it's one of Europe’s largest energy tech investment vehicles and comes as Europe pushes to secure its supplies of local, clean power.

German energy giant E.ON and the European Investment Fund (EIF) anchor the second fund. Other LPs include the likes of KfW Capital, ABN AMRO, CLP, BGK, ISA Energia, Borusan, Zorlu Holding, Telos Impact, KELAG, MTR, and Sabanci Climate Ventures. The Italian fund is fully financed by CDP and invests alongside the main fund.

The second fund comes amid a sweeping shift in the energy tech landscape toward building resilience and cutting dependence on foreign powers in the aftermath of Russia’s invasion of Ukraine and, more recently, geopolitical tensions with the US under Trump.

“The narrative is no longer defined by “green” idealism alone,” Jan Lozek, CEO at FEV, told Impact Loop. “Energy tech is being reshaped around sovereignty, security, and digital scale.”

FEV is betting that the transition from fossil fuel dependency to locally controlled renewable systems provides a lucrative investment opportunity. Lozek believes tech startups working on decentralised, clean solutions will be pivotal.

“The ventures that win in this environment will be the ones that combine digital-native intelligence with practical, scalable deployment models, solutions built not only for commercial success, but for the geopolitical and economic realities that now define the global energy transition,” he said.

FEV backs Series A and B energy tech startups mainly focused on AI-driven, software-based solutions. Previous investments include companies such as agrivoltaics startup Feld Energy, Enspired which recently raised €40m for an AI system for battery storage, and Jua, a Swiss outfit building a AI-powered weather forecaster for utilities.